ANSYS, Inc. (NASDAQ:ANSS) Short Interest Update

ANSYS, Inc. (NASDAQ:ANSS) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 1,100,000 shares, a decline of 17.3% from the November 15th total of 1,330,000 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 438,800 shares, the short-interest ratio is currently 2.5 days.

Insider Buying and Selling at ANSYS

In related news, Director Glenda Dorchak sold 152 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $313.61, for a total value of $47,668.72. Following the transaction, the director now directly owns 3,630 shares in the company, valued at approximately $1,138,404.30. This represents a 4.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.46% of the stock is owned by corporate insiders.

Institutional Trading of ANSYS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ANSYS by 16.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,430 shares of the software maker’s stock valued at $781,000 after buying an additional 348 shares during the period. Assenagon Asset Management S.A. raised its position in shares of ANSYS by 2.1% during the second quarter. Assenagon Asset Management S.A. now owns 9,637 shares of the software maker’s stock worth $3,098,000 after purchasing an additional 201 shares during the period. Blue Trust Inc. boosted its position in shares of ANSYS by 21.6% in the 2nd quarter. Blue Trust Inc. now owns 1,844 shares of the software maker’s stock valued at $640,000 after purchasing an additional 328 shares during the period. Boston Trust Walden Corp raised its holdings in ANSYS by 22.1% during the 2nd quarter. Boston Trust Walden Corp now owns 41,272 shares of the software maker’s stock worth $13,269,000 after buying an additional 7,468 shares during the period. Finally, OFI Invest Asset Management lifted its stake in ANSYS by 5,629.4% during the second quarter. OFI Invest Asset Management now owns 4,870 shares of the software maker’s stock valued at $1,461,000 after buying an additional 4,785 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

ANSYS Stock Down 0.4 %

NASDAQ:ANSS traded down $1.34 during trading hours on Friday, hitting $340.24. The stock had a trading volume of 404,231 shares, compared to its average volume of 525,489. The business has a 50 day simple moving average of $336.35 and a two-hundred day simple moving average of $325.17. ANSYS has a 1-year low of $289.82 and a 1-year high of $364.31. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.13. The company has a market cap of $29.75 billion, a PE ratio of 52.51, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ANSS. Robert W. Baird raised their price objective on shares of ANSYS from $350.00 to $365.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com raised ANSYS from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $342.50.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.